Liquefied natural
gas (LNG) is a type of hydrocarbon, mainly methane that has been converted into
liquid form for ease of storage or transport. It is non-toxic, odorless,
non-corrosive, and colorless. It becomes flammable after vaporization into a
gaseous state and can also cause unconsciousness. LNG achieves a higher reduction
in volume that makes it cost efficient to transport over long distances, where
pipelines do not exist.
The report
recognizes the following companies as the key players in the Global LNG Market:
Chubu Electric, Enagas, KOGAS, Sonatrach and TEPCO
Other Prominent
Vendors in the market are: Osaka Gas, Petroliam Nasional Berhad, Qatar
Petroleum, Royal Dutch Shell and Woodside Petroleum.
One key trend
emerging in this market is the increased number of autogas vehicles. Carbon
emissions from LNG- based vehicles are very low, which has attracted investment
from various investors across the globe.
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Covered in this Report
The Global LNG
market can be divided into four segments based on end-users: Industrial,
Commercial & Residential, Power, and Transportation.
Global LNG Market
2014-2018, has been prepared based on an in-depth market analysis with inputs
from industry experts. The report covers the Americas, the EMEA, and the APAC
regions; it also covers the Global LNG market landscape and its growth
prospects in the coming years. The report also includes a discussion of the key
vendors operating in this market.
According to the
report, one of the main drivers for this market is increased global energy
demand. Rising demand for energy from various sectors has boosted the demand
for different energy products such as LNG, thereby propelling the growth of the
market during the forecast period.
Further, the report
states that one of the major challenges confronting the market is high
construction costs, which result in the delay of LNG plant constructions,
therefore delaying the supply.
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